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administration's foreign policy team began today as the president nominated massachusetts senator john kerry to replace hilary clinton as secretary of state. the former presidential candidate who lost to george w. bush in 2004 got the nod after u.n. ambassador susan rice withdrew her name. she'd faced republican criticisms over the benghazi terrorist attack. president obama made the announcement this afternoon at the white house. >> i am very proud to announce my choice for america's next secretary of state, john kerry. in a sense, john's entire life has prepared him for this role. having served with valor in vietnam, he understands that we have a responsibility to use american power wisely, especially our military power. and he knows, from personal experience, that when we send our troops into harm's way, we must give them the sound strategy, a clear mission, and the resources that they need to get the job done. in an extraordinarily distinguished senate career and as chairman of the foreign relations committee, john has played a central role in every major foreign policy debate for nearly
a look at politics and the year in foreign policy. we want to hear from you about your political hero. why he or she deserves the honor? your political hero of 2012. you can give us a call this morning. host: you can reach out on social media. you can send us a tweet at twitter.com/cspanwj. we have about 15 comment so far. you can send this e-mail that journal@c-span.org. your political hero for the first 45 minutes. here are some thoughts on facebook and twitter. this is from jonathan espinoza. about 15 comments on facebook already. danny likes bernie sanders. host: just some of the mansion's this morning. entions some of the mansi this morning. you can give us a call. 202-585-3881 for republicans. 202-585-3880 for democrats. 202-585-3882 for independents. also on facebook, facebook.com/cspan. a couple of stories related to the fiscal cliff. from "thew bid frittle bit washington times." this is ron from louisiana. caller: good morning. host: who wish to nominate? -- who would you'll nominate? caller: obama. host: what makes him your hero? caller: we were on a major slide when he came
will play a strong role at shaping foreign policy. she also named yun as her spokesperson. yun is vice president of the newspaper and television association. he studied at tokyo's ko university. park is said to set up her administration this week. >>> russian president vladimir putin spends christmas eve in india, and he sees the chance to sign billions of dollars worth in trade and defense deals. putin met indian prime minister singh in new delhi. they agreed on a deal for india to purchase components of fighter jets to assemble. they also agreed to set up a $2 billion fund to set up joint trade and economic projects. they decided to add two nuclear reactors to southern india. but they reportedly failed to agree on terms of compensation in the event of an accident. >>> wrestling fans turned out >>> some people will line up for the smell of baked goods. developers are offering them a machine that can replicate the handy work. >> reporter: japanese consumers loved stuffed bred especially sweet read bean buns. this factory churns out 1300 buns day. breds like these are usually made by ha
and his minister also devote energy to foreign policy. he says they will strengthen diplomatic and security policies. >> translator: we should rebuild our diplomacy to protect our national interests. we are facing many challenges in our relations with china, south korea and even with the united states on which japan's security is based. strengthening japan/ize lie yans is the first step toward rebuilding japan's diplomacy and security. >> abe promised the central government will take the lead in rebuilding disaster-hit regions in northeastern japan, especially fukushima prefecture, home to the damaged nuclear plant. the new prime minister says he will achieve results as soon as possible to redeem the trust of the japanese people. >>> prime minister abe's launched his cabinet tuesday after the top lawmakers elected him to the top job. both houses of parliament elected abe as prime minister, a post he held between 2006 and 2007. abe is the first politician in 64 years to return to the position after resigning. his liberal democrats ruled japan almost continuously for half a centu
foreign policy. she also named yun as her spokesperson. yun is vice president of the newspaper and television association. he studied at tokyo's ko university. puck is said to set up her administration this week. >>> russian president vladimir putin spends christmas eve in india, and he sees the chance to sign billions of dollars worth in trade and defense deals. putin met indian prime minister singh in new delhi. they agreed on a deal for india to purchase components of fighter jets to assemble. they also agreed to set up a $2 billion fund to set up joint trade and economic projects. they decided to add two nuclear reactors to southern india. but they reportedly failed to agree on terms of compensation in the event of an accident. >>> wrestling fans turned out for events in pakistan earlier this month that pitted some of japan's strongest men against each other. professional wrestling used to be popular in pakistan and thousands showed up for the exhibition matches. behind the scenes is a long history between a japanese wrestling giant and a legendary local family. verk has th
and in iran nuclear program continues to progress. look at the foreign policy challenges facing the united states in 2013. because youry wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >> from iran's nuclear ambition toss china's nationalist im
amigos, made the impact on foreign policy, and i thought between the fiscal cliff and newtown, connecticut that the story would kind of fade away. i don't think it will. i think the pressure on secretary clinton to testify while she's still in office, as secretary of state, and then whatever carryover that takes over to senator kerry of massachusetts confirmation hearings, secretary of state sometime early next year, i think the story has a lot of legs coming in 2013. >> jon: we know that susan rice lost her chance to become secretary of state because she went out on the talk shows and spawned the videos. >> the board concluded there was no protests prior to the attacks which were unanticipated in their scale and intensity. a lot of people in the media bought the administration's spin. should there be you know, repercussions to that? >> the amazing thing about the way this whole story has been covered ap the way that certain news outlets continue to cover it as a political attack on the obama administration rather than an inquiry into why four american diplomates died. and tha
a central role in every major foreign policy debate for nearly 30 years. as we turn the page on a decade of war, he understands that we have got to it harness all elements of american power and ensure that they are working together. >> the president then saying senator kerry's entire life has prepared him for this role. the senator has spent decades on the foreign relations committee and he is currently the chairman of that. he is also a former presidential candidate as you know. and a decorated vietnam veteran who was critical of the war effort when he returned to the u.s. senator kerry's nomination came after susan rice came under recently she was thought to be a frontrunner for the job until her comments on the attacks u.s. consulate in libya triggered strong criticism of her. you may have noticed the current secretary's absence from today's announcement. the president saying secretary clinton still recovering from concussion. wendell goler with the news. with the burden of proofy road once first alert forecast for susan rice now gone, senator kerry expected to easily win confirmation
are enriching uranium at a new facility. >>> the defense and foreign policy files are just two in a stack that will be on park's desk when she takes over as president. many south koreans want her to rein in the country's conglomerates. these big business blocks have helped fuel the economy but they've also been suffocating small and medium sized companies. our reporter has the story. >> reporter: this man loves serving up bread and other goods to customers who visit his small bakery. he says his products are tasty and affordable. but the business he bought a year ago is facing an uncertain future. >> translator: we are all in a life or death situation. >> reporter: south korea used to have 18,000 small independent bakeries. but by the beginning of this year, only about 4,000 were still open. the pressure has come from big business, conglomerates have opened their own bakeries. you can see behind me a trendy european-style bakery. it's tasty bread and pastries are popular. the bakery and its affiliates have more than 100 locations around the country. now other giant corporations have gotte
japan's foreign policy. >> translator: we should rebuild our diplomacy to protect our national interests. we are facing many challenges in our relations with china, south can korea and even the united states on which japan's security is based. strengthening u.s./japan alliance is the first step towards rebuilding japan's diplomacy and security. >> abe promised his government would take the lead in rebuilding northeastern japan. he will achieve results as soon as possible to regain the trust of the japanese people. he said his cabinet is designed to overcome crisis. he was elected as prime minister, a post he held before between 2006 and 2007. he's the first politician in 64 years to return to the position after resigning. abe filled the cabinet with familiar faces and new ones. he appointed suga as chief cabinet secretary. that makes him the head government spokesperson. aso is his deputy. he will serve as finance minister and financial services minister. the new foreign minister is fumio kishida. he served in the previous cabinet. onodera is defense minister. he's well versed in dip ro
. on foreign policy, he emphasized the importance of japan posting relationship with united states. relationship with united states. >> i spoke to president obama on the telephone the other day. we have agreed to work to rebuild our relationship. i acknowledge before stepping reinforcing our relations with the u.s. is our priority. as prime minister, i must protect our citizens lives with determination. right now, are fearful -- airforce are protecting our sea and sky around the island. japan's security is not someone else's program. it is the crisis we have on our hands. >> this is "bbc world news." mohamad morsi has welcomed the vote in favor of a new constitution and he has called on those who opposed it to join in a national dialogue. another army massacre in syria as another person the facts. seeing the army has deviated from protecting the nation. a fire has destroyed a fireworks or house in nigeria. it killed at least one person and injured many more. it quickly spread to other buildings. he sent us this report. >> it was felt miles away and a thick cloud of smoke rose from
these jobs. foreign policy is my passion yet actually i'm also a mother. i want to be at home for the last five years that my children are at home. it was hard for me to admit that to myself. in the end i had to recognize, both as a matter of need and want, that my life was going to go in a different direction than i had always expected it would. i had to listen to that. i had to, in the end say, wow, maybe i'm not the same person i thought i was. i know this is the right thing for me to do. >> what was the most difficult part of your job in relation to balancing it with your role as a mother? >> it was just that sense so often where particularly my oldest son really needed me home, needed us both there. and i was in another place. i could not do anything about that. you know, i think that is true for millions of parents. certainly millions of women. i realize the stress was just overwhelming of knowing i had a child who really did need me and i couldn't respond. i couldn't live up to that responsibility. >> after you came to your decision you must have talked to secretary clinton. she's a
a fascinating window into how foreign policy interest groups operate and has obscured the central question is hagel an ideal candidate to lead the department of defense and where is the department of defense going in the future. joining me is glenn greenwald, and we have the former senior adviser to the united nations tour on executions. spencer ackerman, the national security blog for the danger room and elise jordan who worked under condoleezza rice. i will admit, i did not realize chuck hagel was a polarizing figure until this whole thing went down. were you surprised by the reaction to hagel? >> in jewish day school we are taught that chuck hagel will come and drink our blood. so i guess it is not surprising, but the manufactured outrage of this has been just disgusting to see. you saw in a clip that you played, the audio clip, the very next thing he says discusses the contradictory and the counterproductive elements that advocates for israel often engage in, that seems they are now demonstrating right now. that hagel talks about the interest of israel. >> i think there's a strain in w
it came to foreign-policy. years later he told former aide frank gannon during a series of interviews that pat always handled herself properly even during sensitive diplomatic conversations that she might inadvertently overhear. he explained that she quote listens and nods but never makes comments of our own. at same time however he relied on her to notice things he did not because as he put it, she was very observant. giving pat some responsibility and small diplomatic tasks also provided nixon with cover when they increasingly vocal feminist demanded a role in local policy. she was a woman he could trust to do only what he expected her to do. pats foreign travel did more than gifford desire for venture visiting new places, it was a way of reconnecting her husband and to the dick and pat t-mobile. she'd never been more part of his life and work than when they travel together during the vice presidency years. president so years. circling the circumstances had changed. now they traveled with a huge entourage of aids, security personnel and reporters. her husband's faith in her abilitie
what is your source of power? after all she doesn't have any foreign-policy experience but she attends national security council meetings. she's often in the most important domestic meetings regarding the economy. no one gets to see the president without first going through valerie jarrett so what is this power that she has. the only explanation i can come up with after all these interviews i did was that she had given the first lady first lady and the president the impression that she had there back and she is protecting them from a hostile world if you will, a world in which people could come to see the president and make proposals that would not be to their liking. so for instance, when as an example, when the president wanted to do a mandate requiring religious institutions to provide free medical care, i'm sorry, health insurance for abortions and contraception, bill daily who was then the chief of staff, brad archbishop dolan from new york, the catholic archbishop who is now cardinal dolan, to speak to the president. valerie was obviously posted this mandate. when valerie jarrett
at the peer review journal of foreign policy and the senior contributor to the. [indiscernible] which many of us, the first things we looked at in the morning. >> after? >> after. and a member of the court association of america. the clerk for the hon. warship berge john and barquette . and while a law student he was an editor from the yale law journal. i believe that is accredited. so as you can see, at two very talented. their debate is entitled to, detention policies. the way we set it up was we have -- in the book we will do it as live. steven will start and then will have great respond. >> great. thank you. it's a pleasure to be here. >> seven the fortitude to invite me to participate. i am a firm believer that the best they we can do as academics is raise the level debate. projects like this can only help in that regard with folks actually engaging with each other as opposed to talking past each other. let me offer couple of brief remarks that i lost a consistent with what i said in the book. i want to suggest that of all the myriad questions one could ask about the future of u.s. de
are making on the vigor transforming the role of the day so very unfortunate results. you talk about foreign policy as being at least two ideas or and although she's in play and i would be interested -- i keep on thinking that you are a vietnam analogy by and we must stand tough but you wouldn't subscribe to that. >> it's a special representation in the first place which dominates the rest of the book and in vietnam i think you have to take them both together. you cannot be in munich or vietnam. munich is an ethnology that tends to thrive when the country has been in peace and prosperity for long enough it feels it can do anything. it feels it can intervene on behalf of subject and oppressed people around the world and it doesn't think about the cost it hasn't had to pay the cost for several decades now. vietnam is about taking care of one's own the and paying attention to how things can go wrong despite the best of intentions. if he were a total vietnam person you will be such a realist that would be crude you wouldn't have anything on the interest and to the nation requires ideals for the
, the september 11th attack in benghazi injected foreign policy into the race. but a week later, the campaign shifted again to a hidden camera that caught romney's comments, an instant obama attack ad. >> there are 47% who are with him. >> reporter: the gop contender needed a breakout moment and got one at number three. >> yes, i love big bird, i actually like you, too. >> reporter: and president obama's lackluster performance in the first face-off put romney back in the hunt. the president would have to redeem himself, and polls show he did. >> i said if i got osama bin laden in our sights, i would take that shot. >> reporter: but at number two came the mother of october surprises. sandy. the devastating superstorm sandy put much of the nation's focus on the handling of the crisis, and the top remarks he received from a new jersey surrogate, governor chris christie. >> i cannot thank the president enough for his personal concern and compassion for our state. >> reporter: polls showed the race moving to the president, who won handily. >> reporter: the size blindsided the romney campaign. >> t
committee, john has played a major role in every foreign policy debate in years. he understands we have to harness all elements of american power and ensure they are working together. diplomatic developments, economic and political and military and intelligence as well as the power of our values which inspires so many people around the world. as john as said, we're an exceptional nation not because we say we are but because we do exceptional things. i would say one of the things we have seen is when john helped lead the way along with folks likes john mccain to restore our -- to vietnam. it sent a powerful message to congress. over the years john has earned the respect and confidence of leaders around the world. he is not going to need a lot of on-the-job training. he has arned the respect and trust of his colleagues, democrats and republicans. i think it's fair to say that few individuals know as many presidents, prime ministers or grasp our foreign policies as firmly as john kerry and this makes him a perfect choice guide american diplomacy in the years ahead. >> "washington journal"
? are there other volatile hotspots around the globe? >> in terms of foreign policy, we have to get our economy going. that's the number-one thing we need for the united states of america. got to deal successfully with china as they grow. got to deal with the terrorists, and we've got to manage the circumstances in the middle east. so people in washington and the foreign affairs business are going to be very, very busy. iran, syria, israel, the palestinians, a new constitution in egypt, and all around the periphery of the middle east there are still terrorist elements. and there's a problem in north africa with terrorists. >> and i was also going to add to the conversation north korea. >> that's right. >> you heard the news today, they say they have a missile that could potentially reach the united states. of course it could be weaponized. what's your reaction to that? >> well, we've known this was coming for a long time and we have a missile defense program, a rudimentary program, but it's been in place, put it in place several years ago, and it's designed specifically to handle this. actually
on the non-fiction selections. these titles were included in foreign policy magazines must read books to give in breakout nations in pursuit of the next economic miracles on the set is another author we want to introduce you to a and this is brian. here is his book castor's secrets the cia and the intelligence machine. if you could start by giving us your background, particularly your cia background. >> i worked at the national intelligence council in washington for about 45 years. i ultimately became the national intelligence officer for latin america which is a tree or four-star military equivalent but it's a pretty substantial position and i had the responsibility for all of latin america and cuba and the analytical side of intelligence. estimate what does that mean? >> i was not a field operative. i didn't go out and conduct espionage or meet foreign agents. i was basically most of my career at the headquarters in virginia i had the national intelligence estimates, quite a few on cuba over the years, and many of the other latin american countries. >> before we get into fidel castro and th
. please stay tuned. we have another leadership crisis, this one in foreign policy. the russian president and vladimir putin signed bill banning adoptions by americans starting january 1st. it's likely 46 children who were to be adopted in the u.s. will have to remain in russia. on average about 900 children get adopted each year by americans in the soviet union, excuse me, from russia and there's been no formal response from the white house on this. here is former pentagon adviser michael rubin. >> thanks for having me, michelle. >> what should the white house do in response to this? >> ultimately, what with will have to be inspected and considered is the whole nature of the reset policy. if we trace the beginnings of this crisis back it actually started with the white house reaching out to vladimir putin to russia in supporting russia's accession to the world trade organization. the amendment which had govern the a lot of u.s.-russian/soviet relations going back to the 1970s had to be replaced. it was replaced in congress by the act which set russia's worst human viets violators there s
our foreign policy will get more challenging over the next several months as violence intensifies in syria. and north korea and iran continue to defy international pressure over their nuclear programs. former u.s. ambassador to the united nations, john bolton will be here in three minutes on what to watch tore. heather: again, new information coming in on this breaking news coming out of the new york. firefighters ambushed and shot responding to a house fire. a live report right after the break. gregg: and with budget negotiations at a standstill there are new concerns about what a failed deal could actually do to the rest of the president's agenda. our political panel debates that coming up. >> i don't want taxes to go up. republicans don't want taxes to go up. but we only run the house. democrats continue to run washington [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta
that might influence their foreign policy and some of the military policies. >> on the upside there? >> what about china's continental border with russia. what about china buying into actuallyand actually, wa colonizing siberia? how does that worry the united states, china getting stronger on account of siberia and throw a have not heard on any proposal? >> i have not heard of any proposals of china buying into siberia. >> oh, investment. >> united states once a prosperous china that assumes greater responsibility and engagement from the world commensurate with its capabilities and economic power. we do not want china simply to grow and take a free ride or get a free ride on everything else that is happening around world. china needs to step up and take a responsible role in managing international affairs, whether it is conflict in africa, to the middle east, to north korea, and elsewhere. we're seeing some of that already. there's good cooperation on many issues, including afghanistan, engagement with china on issues of north korea. we may not always agree, and certainly china has cut back
. investors are selling yen on the tokyo foreign exchange on speculation policy makers at the bank of japan will agree to an inflation target proposed by the incoming administration. the new prime minister shinzo abe will take up office later in the day. analysts say the b.o.j. will likely further boost its monetary easing measures. the dollar is currently trading at 85.26-31 yen. ai uchida joins us now from the business desk for more on that. so ai, investors have been trading the dollar-yen quite dramatically over the last several weeks. >> that's right, catherine. just a month and a half ago that pair was trading in the mid 79-yen range. almost six whole yen weaker in just six weeks. a dramatic move indeed. so going forward, what can we expect? well, we spoke to disaburo nezo for his outlook. he is a senior executive fellow at fujitsu research institute. >> the yen's future is not so much the weakening but rather i think there would be some counterbalance. that is, already yen current rate, 85 yen per one dollar, is rather reasonable level. i think the japanese exporters have been worryi
of the obama administration foreign policy. remember this was their big success, leading from behind. it fits into the administration narrative that the war on terror is over. that al qaeda has been defeated. that the arab spring has brought democracy to libya and the middle east. all that was disproven by the tragedy in benghazi on september the 11th and i think these are all questions senators want to hear answers to. gregg: do you think she and president obama both were convinced that the war on terror was over an al qaeda was defeated? >> yeah. i think their world view is badly misguided and i think it was ideology more than anything else that convinced them that certainly this could not have been a terrorist attack. it must have been a response by some demonstration, protesting the mohammed video, getting out of control. a lot of people in congress have said the mohammed video story was a cover-up. i actually hope for the good of the country that is true because at least it would demonstrate that the president understood reality. he was trying to sweep it aside. i'm worried that the ideo
? >> so in fact it very important to our foreign policy and we're exporting our way of thinking of intellectual property. >> this is treasury secretary tim geithner slamming china on exactly this. >> we're seeing china continue to be very, very aggressive in a tragedy that they started decades ago which goes like this, we want you to tell to our country, we want you to come produce here. if you want to come produce here, we want to you export from china. if you want to come to produce here, you need to transfer your technology to us. and they have made possible systematic stealing of intellectual property of american companies and have not been aggressive in putting in the protection for the intellectual property that everyone needs. >> this is one of the big objectives is making sure that there are legal agreements in place that are going to export our intellectual property regime. >> right. and economic espionage is something that could be draining america of economy. what i'm trying to get is a balance between the public access and the investors incentive and that's where we'
. vladimir putin banned americans from adopting russian children. my take on obama's latest foreign policy failure. >> this is what is coming to me. this is what i deserve. this is what i alone. who are you? our responsibility is to say before the holidays start let's talk about what you think you are getting and where i am as a parent. stuart: that was in the last hour, how ungrateful kids use social media to complain about christmas gifts. tune in weekday mornings, we start at 9:20 sharp. we have a drop, 89 points laura, the dow resting at 13,000 as we speak. all retailers, most of them on the eastern seaboard are going to get hurt if the port strike happens first inning sunday morning. home depot could be hurt more than most and the stock is always down. >> home depot is down 1%. talking the past couple months how retailers do 40% of their business in the holiday quarter. the home depot quarter is in the spring when people fix up their homes and this is the time of year they get their inventory in to stock their shelves when people make the investments and if this strike happens that ha
the bureau and employees there in an emergency. my foreign policy summit is to be there when there are emergencies around the world. i have colleagues i grew up with, judy woodruff has three children, including a child with special needs. compton has four children. producers are having children and coming back. our top producer is married to someone on the hill with two kids at home. she travels with the president all the time. there are ways. corporations are much more flexible in broadcasting now. alexander wallace, one of our top executives, ann curry with family. it can be done. it involves a lot of tough tradeoffs. our corporate culture ought to be more forgiving in support of. sadly, that is rarely the case. >> i was the chairman of the nrc. my son was entering high school. we made the decision not to move here to not disruptive. we left him in the school he was in. that means my husband during the week did everything. as much as i could, i went home every weekend. i did not participate in the washington social scene all the time. but we felt it was important to do the
with the united states government and that is, i'll support you are foreign policy initiatives in the region by and large if you stay out of my internal affairs. i think that's where he is right now. it appears like the united states government is doing just that. heather: take this beyond the borders of egypt to the area of the middle east, what does this mean for the rest of the ream on? >> well, it is pretty significant. egypt is the a very influential country. even though it is one of the poorest countries in the region, it is a powerful arab country. it has a powerful military for sure and has significant intellectual and cultural influence on the region. so what goes on in egypt truly matters. listen, the contours of this revolutionary change taking place in the middle east, certainly the catalyst for it was democratic and social reform and economic opportunity but the radicals, the muslim brotherhood, are easy seeing the opportunity to advantage themselves geopolitically in the region. that is the danger here. that this continues to move in that direction in other parts of the region.
want to introduce herb. she has her own show on them as nbc. she covers foreign-policy for the network. she is one of the bust respected and we are delighted she is here. next to her is surely an jackson. she has 51 of honorary degrees. she has been the first of everything -- the national science foundation. she was the very first black woman to get a ph.d. at and i.t.. [applause] she is an expert in medicare and medicaid and all things health. she has been called the health czar of america. the point guard over hauling the system. how about that for a job? what a powerhouse right here. so we actually have a lot of brainpower up here. all of you could have done very different things. you had a lot of choices. i would love to hear about how you ended up taking what you did. who wants to start? >> a failed of violinist. i was raised to be a musician. my mother still asks may what happened. i was always interested in politics and writing stories for the paper. it actually was complete serendipity. i was in college and was at a meeting of the naacp. we had some big issues. this was the 196
attack in benghazi injected foreign policy into the race. >> justice will be done. >> reporter: a week later, the campaign shifted again to the hidden cram ra video of romney's comments on the 47% and an instant obama attack ad. number four, among the year's biggest moments. >> there are 47% of him who are with him. >> reporter: the gop needed a breakout moment and got one at number three. the debates and president obama's lackluster performance in the first face-off put romney back in the hunt. the president would have to redeem himself and polls show that he did. >> i said if i got bin laden in our sights, i would take that shot. >> reporter: but at number two came the mother of october surprises. sandy. the devastating superstorm put much of the nation's focus on the president's handling of the crisis. and the high marks he received from a top romney surrogate, new jersey governor, chris christie. >> i can't thank the president enough for his personal concern and passion for our state. >> reporter: polls show the race moving towards the president who won handedly. >> this is he elec
the right pick? does that make him a defense expert? >> no. he is not a defense expert dave. foreign policy expert. what we need in a very complex world today ratcheted by wars in afghanistan. cyber war. threats from iran, north korea, china, et cetera. and a defense department has more than 3 million people scattered across this world. it's someone that really understands defense. someone that's spent their entire life working the bureaucracy that knows the industrial base that knows soldiers. you know, i have nothing against senator hagel. he is a fine man. i have met him before. i think he is well-intended. but what we need are people like michelle floornoid. ash hammer. we need people who know the systems inside-out. the president needs the best advice in a time of war and time of crisis. we are forcing says questions station. tenuous time for armed forces given all these threats. >> dave: after what john boehner said on friday it looks like sequestration could actually happen. the question is why does the president want chuck hagel. when you look at his background. maybe not a defense
public relations to become the policy chief. cabinet ministers are falling into place. he selected longtime ally fumio kishida as foreign minister. he served as minister in charge of okinawa and the northern territories. analysts say that he chose him for his experience. the new foreign minister will have to deal with the relocation of the futenma air station in okinawa. abe is pressuring the bank of japan again to swiftly join his government and put an end to deflation. he says it's only natural for the government to get involved in shaping monetary policy noting that conventional steps have failed to pull japan out of the drawn-out price downturn. abe made his call with officials of the japan business federation or keidanren on tuesday. >> translator: soon after we form a new cabinet tomorrow, i hope the government can establish a policy accord with the bank of japan to set an inflation target of 2%. the bank should be held accountable to meeting the target. >> last week boj policymakers decided to decide whether to set the 2% target in january. the bank's current goal is 1%. mea
think having programs that help manufacturers identify foreign markets and resources is critical. the third, i think you have to look at trade and tax policies. there is no doubt in my mind that china's policies are unfair, and not just to american workers. in my judgment, they are unfair to their own middle class. they are supporting elite exporters who have crony relationships with the regime at the expense of giving consumers access to the best products in the world, and we have to make economic fairness of the highest priority in our bilateral relationships with china, and then on tax policy, we have to look at how do we insent vise manufacturers with the right tax credits to invest in the united states? thank you. >> i wondered about obama's national export initiative, doubling them by 2014 if i'm correctly. >> i didn't plant the question. [laughter] >> so i was just wondering, first of all, what do we export? like, what would you say are the strengths where you export, and secondly, what do you think can be done by the government or other institutions in order to promote th
evaluating the investment landscape in india. obviously we've seen a lot of foreign investors allocate capital into this market. we are looking at the rupee depreciating significantly over the last year. the company dealing with other problems including lack of infrastructure, some policy changes. what is your recent -- i guess your updated outlook on india going forward? >> well, the local market has justice done phenomenally in 2012. up 25%. but it didn't help u.s. dollar investors because the currency fell the same amount. so really everyone kind of broke even even though the market took off this year. i think india is still a market where you want to keep building positions gradually over time. there's been a lot of issues around the government. i think the instakt around the government and people's predicting how long it will take to push back reforms has impacted the market quite a bit. i think one thing under the surface in india and china that all investors need to be aware of is the fact that corporate debt is now really building up to almost unhealthy levels. and i would keep
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